Bots can be utilised for a range of things, sometimes testing the midpoints (if there's a dark pool of orders sitting off screen) or potentially an algorithm to ensure certain parameters are met (Buy IF( VWAP= X, Volume = Y, BUY or a any combination of Logic etc)
Im mostly seeing the Bots on the sell side as per below.
I look stocks fundamentally and namely Risk perspectives. Has it de-risked from where it was previously?
A result of this mornings ANN which could be what? (Offtakes? Funding? Strategic partnerships?)
With regards to a raise, whilst we don't need it - I have no qualms with POSCO (or any other Tier 1 Minerals Processor) investing a sizeable equity position assuming its sharehodler value accreditive. It may enable the company to go for a far larger scale operation and therefore higher NPV in addition to a significant de-risking for project execution - processing plants are not easy. Hence why the likes of PLS and RIO have done JV's with POSCO.
Potentially might only be for the Anode plant..
RNU Price at posting:
30.8¢ Sentiment: None Disclosure: Held
